UPDATE 1-Moody’s sees South Africa GDP shrinking 6.5% in fiscal 2020
Ratings agency Moody’s
cut its forecast for South Africa’s economy to a 6.5%
contraction in fiscal 2020, saying the country’s 500 billion
rand ($26.29 billion) rescue package will weaken its public
finances and constrain government’s ability to provide support
to state-owned firms.
cut its forecast for South Africa’s economy to a 6.5%
contraction in fiscal 2020, saying the country’s 500 billion
rand ($26.29 billion) rescue package will weaken its public
finances and constrain government’s ability to provide support
to state-owned firms.
Posted by Reuters
